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Dairy Products Market Size Estimated to Reach $445.82 Billion by 2025
Increased Awareness of Health Awareness, Along With Increased Demand for Protein-rich Foods and Increased Consumption of Premium Dairy Products, Are Major Factors Driving the Growth of the Global Dairy Market.

BriefingWire.com, 2/24/2021 - [FURL=https://www.industryarc.com/Report/18309/dairy-products-market.html]Dairy Products Market[/FURL] size is estimated to reach $445.82 Bn by 2025 and is poised to grow at a CAGR of 4.12% during the forecast period 2020-2025. Dairy products are types of foods made from mammalian milk, and they are mainly cows, buffaloes, goats, sheep, yaks, and camels. Since milk is a liquid product it is susceptible to unwanted microbial growth resulting in product breakdown. To avoid this problem, and to extend the shelf life of milk, it is processed to form various dairy products such as cheese, butter, milk powder, ice cream, yogurt, and others. Increased awareness of health awareness, along with increased demand for protein-rich foods and increased consumption of premium dairy products, are major factors driving the growth of the global dairy market. Additionally, the demand for dairy products in sports nutrition is one of the major factors that is estimated to drive the growth of the global dairy products market over the forecast years 2020-2025.

Key Takeaways

Geographically, the Asia-Pacific area is poised to see extraordinary development owing to the increase in the population base, the high consumption of dairy products in the region and is set to continue during forecast period 2020-2025.

The global demand for the Dairy Products Market is owing to the increasing health awareness, along with increased demand for protein-rich foods and increased consumption of premium dairy products.

The rise in the veganism and the plant-based eating preferences of the vegan population has led to a reduction in the consumption of dairy products, which is estimated to restrain the market growth during the forecast period 2020-2025.

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Dairy Products Market Segment Analysis - By Geography

The global Dairy Products Market based on Geography, can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. Asia-Pacific registered for the highest revenue in 2019 and is set to grow at highest CAGR over the forecast period 2020-2025 owing to the increase in the population base, the high consumption of dairy products, and the increasing economic growth in this region are the factors attributed to the great growth. However, North America is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the increasing consumer’s awareness of food products, and introducing advanced milk processing equipment in the region.

Dairy Products Market Drivers

Rise in Demand

Dairy Products Market Industry Outlook: Key companies of this market Arla Foods UK Plc, Amul, Kraft Foods Inc, Dairy Farmers of America Inc., Lactalis, Nestle SA, Megmilk Snow Brand Co. Ltd, Fonterra Group Cooperative Limited, Dean Foods Company, Parmalat S.P.A, Danone and Unilever.

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